LGCEX is partnering with the United States Agency for International Development to promote clean energy investments in the membership Asian countries where LGCEX has branched out.
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ECO-Asia is a regional program funded by USAID that aims to bridge the gap between investments and clean energy business by building partnerships in several of Asia’s fastest-growing economies.
London Gold and Commodities Exchange President and Chief Executive Officer Mr. Sean Stuart said ECO-Asia’s expertise in providing pro bono technical assistance to clean energy project developers, as well as its ability to harness a global pool of investors for a project, makes it a key partner in promoting new and renewable energy initiatives in Asia.
He added that London Gold and Commodities Exchange’ reputation as a progressive financial institution, and its local knowledge, will allow it to effectively channel ECO-Asia’s resources to areas that have the most significant. “Once the fruits of this partnership are realized and green electricity flows to rural communities, business opportunities, local employment, and genuine sustainable development will inevitably follow,” Sean Stuart stressed.
The partnership will help stimulate more clean energy investments in Asia which hold the highest potential for clean energy projects due to abundant natural resources and a progressive agricultural industry.
ECO-Asia is the regional coordinator of the Private Financing Advisory Network (PFAN), a multilateral, public-private partnership initiated by the Climate Technology Initiative in cooperation with the United Nations Framework Convention on Climate Change.